GOLD is the﻿ money of the KINGS, SILVER is the money of the GENTLEMEN, BARTER is the money of the PEASANTS, but DEBT is the money of the SLAVES!!!

Saturday, August 29, 2015

Brazil's Economy enters Recession

Official figures released by the Brazilian government show that the country's economy has entered recession.

The
data indicated that Brazil’s economy contracted nearly two percent
between April and June compared with the previous quarter. The country’s
economy has also shrunk by two-point-six percent compared with a year
earlier. Meanwhile, household spending and the industrial sectors have
fallen while unemployment and taxes have risen. Two quarters of economic
contraction in a row is technically tantamount to plunging into
recession. Brazil is the world’s seventh largest economy. But it has
been adversely affected by corruption scandals and falling commodity
prices.